Issue: September 2014



  • Will Confidence in Sisi and Perceptions of Political Stability Translate into Oil and Gas Investment?

    In a recent report from Business Monitor International, citing increased production efforts and positive attitudes toward operations in Egypt, it was stated that “The installation of the El-Sisi government has improved investor sentiment in Egypt,” while anticipating a “more stable environment for operators and investors over the coming years.” The Egyptian General Petroleum Corporation’s (EGPC) announcement at the beginning of the year to auction 22 new concessions, last month’s increase in fuel prices, as well as renewed plans to repay debt to operators are some of the efforts being made to motivate local and foreign investment. Many experts agree that initial reforms from Sisi’s administration and the political stability his presidency is expected to bring are having a positive effect, but it remains unseen if the sector will fully recover from Egypt’s damaged economy.


  • Sparking Reform: Creating Dynamism in the Egyptian Energy Sector

    Egypt has been at the center of the news for the past several years. Its constant political and economic turmoil have kept the country on a razor’s edge. Since, the 2011 revolution, Egypt’s economy has sputtered. And, it has been extremely difficult for the country to retain and attract foreign revenue, as well as crucial tourism inflows. All of the preceding had a knock-on effect for the country’s energy sector, and its underlying strength and vitality have been severely questioned. Consequently, investors have turned away from the Egyptian market

  • The Implications of Egypt’s Energy Price Rises; Prosperity Through Pain?

    Over the course of a few days in early July the Egyptian government announced a range of drastic cuts to energy subsidies.

    Natural gas subsidies to several industries are being slashed, increasing prices by 30-75% according to a report by Reuters. Subsidized gasoline and diesel fuel prices will rise by as much as 78%. Electricity prices are set in rise by up to 56% in some pricing tiers.

  • Developing a Generation of Oil and Gas Leaders

    Our research has confirmed that the key strategic capability for organizations across the globe is leadership, and companies in the oil and gas industry are no exception to this rule. But thousands of the oil and gas industry’s most experienced technical leaders must be replaced over the next three years as they reach retirement, and not enough new leaders are reaching the required levels fast enough. This exodus of skilled personnel and the increasing reliance on younger, inexperienced colleagues – known as the Big Crew Change – will leave a gaping hole in leadership capability across the industry.

  • An International Shipping Company’s Operations in Egypt: Interview with Bab Reijntjes, Managing Director of Vroon Offshore Services

    I have been in international shipping for over 25 years. I started as an agent for an owner with bulk/container vessels in Rotterdam. Later I spend 11 years in London with a Japanese shipping line and ship owner before moving to Vroon in 2004. In 2008 I joined Vroon Offshore Service, first in our Den Helder (Netherlands) affiliate and from 2012 in our Genoa (Italy) affiliate.

  • Drilling in Egypt: Past,Present, and Future

    Advances in oil and gas technology are all around, increasing the amount and scope of discoveries with every passing year. Drilling, imaging, extraction, sample analysis—all of these areas and more are feeling the effects of technology research and development, with new discoveries giving rise to new interactions between sectors and almost instantly bringing forth ideas for even more.

  • Unconventional Assets The Global Resource Potential and Challenges for Egypt

    The US sets up a great example to follow: The “unconventional resource asset revolution” represents a paradigm shift in energy supply that is reshaping global energy markets. In the U.S., unconventional resource plays have proven to be quickly producible in large volumes at a relatively low cost. The surge in hydrocarbon production from unconventional plays in the U.S. has resulted in abundant supplies of natural gas, oil (light tight oil), and natural gas liquids (NGL) that have reversed long-term declines in natural gas and oil production. Less than 10 years ago, most predictions for the U.S. forecast dramatic increases in LNG imports to meet increasing demand. Today, the U.S. is preparing to export LNG in the near future, and may become a net oil exporter around 2030.


    This study aimed to re-evaluate, update and adjust the structural model of Ras Budran field not only emphasizing on the productive area to provide infill development locations but also on the non-productive areas located within the lease concession to identify new potential areas that may lead to new discoveries targeting to increase the field recoverable reserves and production level.